TXCO has a new president

TXCO Resources’ has a new president: Gary Grinsfelder, who was promoted today.

When the San Antonio-based drilling company acquired Output Exploration of Houston last year, it brought some new executives on board. Grinsfelder was one. He’s a geologist with 30 years’ experience in the oil and gas exploration biz who has been TXCO’s vice president of exploration.

TXCO veteran Jim Sigmon retains the positions of chairman and chief executive officer at TXCO, which explores for oil and gas in West Texas, along the Gulf Coast and in western Oklahoma.